‘Do no harm’: central bankers warn against rush to issue CBDC

Agustín Carstens, Jerome Powell and Jens Weidmann highlight risks of acting too fast

Agustín Carstens
Agustín Carstens
BIS

Senior officials from central banks and the Bank for International Settlements have warned against trying to move too fast to issue central bank digital currency (CBDC).

In remarks on March 22, BIS general manager Agustín Carstens, Federal Reserve chair Jerome Powell and Deutsche Bundesbank president Jens Weidmann all said central banks could get into trouble if they tried to move too quickly.

“We don’t need to rush this project,” said Powell, during the BIS Innovation Summit.

Carstens said

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: